Assalamualaikum
I have purchased a house worth rs. 45 lakh by getting an interest free loan from my bank.
1)do i need to pay zakat on it ?
2)every year, based on the prevailing market value of this house, i receive the additional amount from my bank. Does this mean i need to pay zakat on my house as although i live in it, but also receive the annual differential amount according to the new market value. ?
